📊 MIDD Key Takeaways
Is MIDDLEBY Corp (MIDD) a Good Investment?
Middleby is unprofitable with a net loss of $50.1M despite positive operating cash flow, indicating structural challenges or significant below-the-line expenses. Revenue growth of 1.6% YoY is negligible, reflecting weak demand in the refrigeration machinery sector. While positive free cash flow and adequate liquidity provide a cushion, the company must demonstrate both profitability recovery and revenue acceleration to justify investment.
Middleby’s fundamentals show a business with solid core operating economics, strong gross and operating margins, and robust free cash flow generation. However, the latest period’s sharp swing to a net loss despite positive operating income suggests meaningful below-the-line charges or balance-sheet-related pressure, while top-line growth remains modest. The company looks financially stable, but earnings quality and the source of the net loss need to improve before the fundamentals support a more constructive rating.
Why Buy MIDDLEBY Corp Stock? MIDD Key Strengths
- Positive free cash flow of $57.7M and operating cash flow of $65.6M despite net loss
- Solid operating margin of 15.9% and gross margin of 38.5% at operational level
- Adequate liquidity with 1.96x current ratio and moderate leverage at 0.77x debt-to-equity
- Strong core profitability with 39.1% gross margin and 18.0% operating margin
- Excellent cash generation, with $559.47M of free cash flow and a 17.5% FCF margin
- Healthy liquidity and manageable leverage, supported by a 2.57x current ratio and 0.77x debt-to-equity
MIDD Stock Risks: MIDDLEBY Corp Investment Risks
- Net loss of $50.1M with negative net margin (-6.0%), ROE (-2.1%), and ROA (-0.9%)
- Stagnant revenue growth of 1.6% YoY indicates weak market demand and limited growth trajectory
- $183.5M gap between operating income and net income suggests material below-the-line expenses or charges
- Net income turned sharply negative to -$277.73M, indicating weak earnings quality in the latest period
- Revenue growth of only 1.6% YoY suggests limited near-term organic growth momentum
- Debt remains meaningful at $2.13B relative to cash of $222.24M, reducing flexibility if operating conditions weaken
Key Metrics to Watch
- Net income recovery trajectory and return to profitability
- Revenue growth acceleration above current 1-2% range
- Operating cash flow sustainability and quality of earnings
- Net income recovery and normalization of non-operating or one-time charges
- Revenue growth acceleration alongside sustained free cash flow conversion
MIDDLEBY Corp (MIDD) Financial Metrics & Key Ratios
💡 AI Analyst Insight
MIDDLEBY Corp presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
MIDD Profit Margin, ROE & Profitability Analysis
MIDD vs Industrial Sector: How MIDDLEBY Corp Compares
How MIDDLEBY Corp compares to Industrial sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is MIDDLEBY Corp Stock Overvalued? MIDD Valuation Analysis 2026
Based on fundamental analysis, MIDDLEBY Corp shows some fundamental concerns relative to the Industrial sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
MIDDLEBY Corp Balance Sheet: MIDD Debt, Cash & Liquidity
MIDD Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: MIDDLEBY Corp's revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $7.41 reflects profitable operations.
MIDD Revenue Growth, EPS Growth & YoY Performance
MIDD Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $730.6M | -$50.1M | $-1.06 |
| Q3 2025 | $942.8M | $114.2M | $2.11 |
| Q2 2025 | $977.9M | $106.0M | $1.99 |
| Q1 2025 | $906.6M | $86.6M | $1.59 |
| Q3 2024 | $942.8M | $108.7M | $2.01 |
| Q2 2024 | $991.5M | $115.4M | $2.13 |
| Q1 2024 | $926.9M | $86.6M | $1.59 |
| Q3 2023 | $980.7M | $104.4M | $1.92 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
MIDDLEBY Corp Dividends, Buybacks & Capital Allocation
MIDD SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for MIDDLEBY Corp (CIK: 0000769520)
📋 Recent SEC Filings
❓ Frequently Asked Questions about MIDD
What is the AI rating for MIDD?
MIDDLEBY Corp (MIDD) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (HOLD) with 76% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are MIDD's key strengths?
Claude: Positive free cash flow of $57.7M and operating cash flow of $65.6M despite net loss. Solid operating margin of 15.9% and gross margin of 38.5% at operational level. ChatGPT: Strong core profitability with 39.1% gross margin and 18.0% operating margin. Excellent cash generation, with $559.47M of free cash flow and a 17.5% FCF margin.
What are the risks of investing in MIDD?
Claude: Net loss of $50.1M with negative net margin (-6.0%), ROE (-2.1%), and ROA (-0.9%). Stagnant revenue growth of 1.6% YoY indicates weak market demand and limited growth trajectory. ChatGPT: Net income turned sharply negative to -$277.73M, indicating weak earnings quality in the latest period. Revenue growth of only 1.6% YoY suggests limited near-term organic growth momentum.
What is MIDD's revenue and growth?
MIDDLEBY Corp reported revenue of $839.9M.
Does MIDD pay dividends?
MIDDLEBY Corp does not currently pay dividends.
Where can I find MIDD SEC filings?
Official SEC filings for MIDDLEBY Corp (CIK: 0000769520) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is MIDD's EPS?
MIDDLEBY Corp has a diluted EPS of $-1.06.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is MIDD a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, MIDDLEBY Corp has a SELL rating with 76% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is MIDD stock overvalued or undervalued?
Valuation metrics for MIDD: ROE of -2.1% (sector avg: 15%), net margin of -6.0% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy MIDD stock in 2026?
Our dual AI analysis gives MIDDLEBY Corp a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is MIDD's free cash flow?
MIDDLEBY Corp's operating cash flow is $65.6M, with capital expenditures of $7.9M. FCF margin is 6.9%.
How does MIDD compare to other Industrial stocks?
Vs Industrial sector averages: Net margin -6.0% (avg: 10%), ROE -2.1% (avg: 15%), current ratio 1.96 (avg: 1.8).